Article

A survey funded by China has identified substantial mineral deposits in Liberia, including lithium, cobalt, and neodymium, potentially attracting $3 billion in investment. This survey, the first comprehensive mineral mapping since 1973, was reported by President Joseph Nyumah Boakai during a legislative address.

The findings are intended to help Liberia diversify its economy away from iron ore and gold reliance. The Ministry of Mines and Energy is preparing legal frameworks for prospecting, which could enhance economic development through job creation and investment. Experts emphasize the need for transparent governance and environmental safeguards.